ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 223,369 shares, an increase of 86.7% from the August 31st total of 119,654 shares. Currently, 9.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 864,347 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On ProShares UltraShort Russell 2000
An institutional investor recently raised its position in ProShares UltraShort Russell 2000 stock. Hillsdale Investment Management Inc. lifted its position in shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Free Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,042 shares of the company’s stock after buying an additional 430 shares during the period. Hillsdale Investment Management Inc. owned about 4.97% of ProShares UltraShort Russell 2000 worth $2,145,000 as of its most recent SEC filing.
ProShares UltraShort Russell 2000 Stock Performance
Shares of NYSEARCA TWM traded up $0.18 during mid-day trading on Tuesday, reaching $23.95. 1,609,398 shares of the company were exchanged, compared to its average volume of 739,700. ProShares UltraShort Russell 2000 has a 52 week low of $20.16 and a 52 week high of $37.66. The company’s 50 day moving average price is $21.76 and its 200 day moving average price is $23.85.
About ProShares UltraShort Russell 2000
ProShares UltraShort Russell2000 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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